River Ridge Details Potential Land Deals
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe River Ridge Development Authority in Jeffersonville has authorized Executive Director Jerry Acy to negotiate three potential land deals. According to the RRDA, the deals involve the sale of about 35 acres at River Ridge Commerce Center to private developers that would generate about $3.2 million in income.
The RRDA says the deals would bring new developments, investments and jobs to River Ridge Commerce Center. The funding would be used for operations and to further development to attract companies and jobs.
“This is an incredible way to cap off what has already been a great first half of 2021 at the River Ridge Commerce Center,” Acy said. “We are seeing strong demand for industrial property in our area and across the country. Our central location and ease of doing business make us very appealing to developers and companies seeking to expand.”
River Ridge says each of the three land deals involve industrial developers. Two of the developers plan to build industrial buildings on their respective properties totaling about 250,000 square feet, while the third has not determined the size and configuration of any proposed buildings.
“We are excited about all three of these opportunities to bring more jobs and investments to Southern Indiana,” Acy said. “River Ridge had a great year of development activity in 2020, and we are poised for an even better year in 2021 if this pace continues.”
This year, River Ridge says it has announced six potential land sales totaling more than 154 acres for new development. The RRDA says those sales, including the three approved at the June board meeting, would generate about $11.4 million to support operations and continued development activity as well as add about 2 million square feet of industrial real estate at River Ridge.